Dow Roller Coaster

Discussion in 'Political Action Forum' started by The Other David, Dec 4, 2018.

  1. The Other David

    The Other David Elite Refuge Member

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    Down 553...

    I must stop looking, yet I cannot stop myself!
     
  2. The Other David

    The Other David Elite Refuge Member

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    It's like looking at a train wreck. I know I shouldn't stare, but...
     
  3. partyfowl

    partyfowl Senior Refuge Member

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    All adrop means isthat it'stime tojump in.

    My damn keyboard isbroken.
     
  4. pintail2222

    pintail2222 Elite Refuge Member

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    And yet no pullback in TSLA... :mad:
     
  5. 3inch3's

    3inch3's Illinois Forum Moderator Moderator

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    So do you think it is because the head way being made won't get through Congress??? Heard a Dem Rep on the radio state that he probably wouldn't vote for it because it wasn't "enough." When asked what needed to be done with NFTA to get his vote he could only reply more...........
     
  6. pintail2222

    pintail2222 Elite Refuge Member

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    I believe it has more to do w/ the financial sector slowing down and as JJ Kinahan of TD Ameritrade said on CNN: “This tariff situation still looms large over the market,"
     
  7. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    If I understand correctly, approving NAFTA changes by the end of the year is in doubt, the tariff agreement with China is a 90 day moratorium and nobody thinks anything will change in China in the next 90 days so the agreement is a paper tiger, The debt looms large and the FOMC is now neutral, the international economy isn't exactly thriving, Mueller is still out there, Congress is split so we're in a holding pattern for the next two years (no action on immigration) etc., etc.,

    Anyone aware of any improving economic forecasts?
     
  8. The Other David

    The Other David Elite Refuge Member

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    However, I have confidence in our economy and am sure it will come back. I have been through at least a half a dozen of these.
     
  9. hobbydog

    hobbydog Elite Refuge Member

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    The bond yield curve is not helping.
    The whole America first thing, we win, you lose thing just doesn’t work. What happens when China’s economy tanks? Mexico’s? EU’s? What happens to the USD? Who is going to buy our goods? When it does tank, what happens to our record setting deficits? Tariff Man to the rescue?

    https://nypost.com/2018/12/04/stock-markets-plunge-after-trumps-tariff-man-tweet/

    Tariff Man
     
  10. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    Isn't that more of a symptom than a cause? It does indicate there is concern that this isn't a short term correction.
     
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